Economy

AEX reduces opening loss | Financial

The AEX was down 0.6% at 519.7 points at eleven, after dropping to 514.3 points early in the morning. The AMX fell 1% to 687.8 points.

The other European stock markets also continued on their way down on Thursday. The British FTSE 100, the German DAX and the French CAC 40 lost 1.4%, 0.8% and 0.7% respectively.

The index futures indicated a 0.6% lower opening of the US stock markets at 3:30 this afternoon.

The mood on the Asian stock markets this morning was bleak. Stock prices fell in Hong Kong in particular.

After optimism about the declining number of corona infections and accelerated vaccine launches prevailed earlier this week, investors have now become more aware of the risks. Such as a flaring trade war between the US and China, after a fierce blow from President Trump and a law that could cause Chinese companies to lose their stock exchange listing in the US. China this morning fueled the fire by enacting laws to ensure “national security” in Hong Kong and Macau.

The Dutch main funds included Prosus with a loss of 3.4% at the bottom. The investor in technology companies, the main one in Tencent, was affected by the increased tensions in China.

Heineken followed with a drop of 1.7%.

Medical technology company Philips decreased by 1.2%. Turkish companies would like to buy their household branch, the value of which is estimated at around € 3 billion.

Shell lost 1% in response to a 4-6% decline in oil prices. Both European Brent and US WTI still cost more than $ 30 a barrel. To save costs, the energy giant offers a voluntary departure scheme for personnel.

Galapagos dropped 0.9%. On Thursday, the biotechnology company had gone down 8%, as the investigation of its agent against a chronic inflammatory bowel disease produced disappointing results.

Investors threw themselves into this year’s biggest laggards. Real estate fund Unibail-Rodamco-Westfield bounced 4.9%, after dropping to its lowest level ever on Thursday. ABN Amro climbed 4.5%.

The medium-sized funds were industrial companies Aalberts with a minus of 3.8% at the bottom.

Altice Europe lost 3.6%, despite buying advice from British bank HSBC. On Thursday, the French cable and telecom company lost 14% after disappointing quarterly figures.

Basic-Fit declined by 1.8%.

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